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 "MTNL, telecom")
MTNL has sought Rs 1,151.65 crore from the federal government for fee of curiosity arising out of sovereign assure bonds within the present fiscal.
State-owned telecom firm MTNL has defaulted on financial institution mortgage funds price Rs 422.05 crore, a regulatory submitting mentioned on Monday.
The whole default quantity includes Rs 328.75 crore default on instalment of principal and Rs 93.3 crore in direction of curiosity on debt for June and July.
In response to the main points shared by MTNL, it has defaulted on the fee of Rs 155.76 crore on debt raised from Union Financial institution of India, Rs 140.37 crore from State Financial institution of India, Rs 40.33 crore from Financial institution of India, Rs 40.01 crore from Punjab & Sind Financial institution, Rs 41.54 crore from Punjab Nationwide Financial institution and Rs 4.04 crore from UCO Financial institution.
The telecom agency earlier raised Rs 5,573.52 crore in debt from these banks.
The loss-making telecom agency has whole borrowings of Rs 7,873.52 crore from banks and monetary establishments, and the overall debt of the corporate stands at Rs 31,944.51 crore.
MTNL has sought Rs 1,151.65 crore from the federal government for fee of curiosity arising out of sovereign assure bonds within the present fiscal.
Individually, the federal government, within the Finances, has proposed to allocate Rs 3,668.97 crore for the fee of the principal quantity of MTNL bonds.
(Solely the headline and movie of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Aug 05 2024 | 11:58 PM IST
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